Farfetch Limited (FTCH) Tops Q1 EPS by 16c, Revenues Beat
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Farfetch Announces First Quarter 2021 Results
May 13, 2021 4:06 PM EDTQ1 2021 Gross Merchandise Value and Digital Platform GMV growth of 50% and 60% year-over-year, respectively, to $916 million and $790 million, respectively Q1 2021 Revenue increases 46% year-over-year to $485 million Q1 2021 Digital Platform Order Contribution Margin improves 100 bps year-over-year to 33%; Gross Profit Margin declines 80 bps year-over-year to 46% Q1 2021 Profit After Tax of $517 million includes $660 million non-cash benefit arising from lower share price impact on items held at fair value and remeasurements Q1 2021 Adjusted EBITDA improves to $(19) million, from $(22) million in Q1 2020 Upgrades Digital Platform GMV outlook for full year... More
